Is Alignment Healthcare (ALHC) stock halal?
Screened against AAOIFI Shari’ah Standard 21
No. Alignment Healthcare (ALHC) does not pass the AAOIFI Shari’ah Standard 21 screen. Its main business is conventional banking, lending or insurance (SEC industry code 6324 (Hospital & Medical Service Plans)), which AAOIFI Shari’ah Standard 21 excludes (3/4/1). Last checked 20 September 2026.
Alignment Healthcare is not compliant under Halal / Islamic guidelines
AAOIFI Shari’ah Standard 21 Financial Audit
Figures from the latest annual report (the SEC filing or, for European companies, the ESEF annual report, where one exists, checked against Yahoo Finance) and a 36-month average market value.
| Test | Standard Limit | Actual Figure | Status |
|---|---|---|---|
| Main business | — | — | Fail |
| Interest-bearing debt | 30% | 11.58% | Pass |
| Cash and interest-bearing investments | 30% | 21.63% | Pass |
| Prohibited income | 5% | 2.17% | Pass |
| Not just cash and debts | 90% | 80.45% | Pass |
Key Findings & Observations
- Its main business is conventional banking, lending or insurance (SEC industry code 6324 (Hospital & Medical Service Plans)), which AAOIFI Shari’ah Standard 21 excludes (3/4/1).Source: Business check
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Frequently Asked Questions about Alignment Healthcare, Inc. (ALHC)
Is Alignment Healthcare (ALHC) stock halal?▾
No. Alignment Healthcare (ALHC) does not pass the AAOIFI Shari’ah Standard 21 screen. Its main business is conventional banking, lending or insurance (SEC industry code 6324 (Hospital & Medical Service Plans)), which AAOIFI Shari’ah Standard 21 excludes (3/4/1). Last checked 20 September 2026.
What is Alignment Healthcare's debt ratio under Islamic finance standards?▾
Under AAOIFI Shari’ah Standard 21, interest-bearing debt must stay under 30% of a company's 36-month average market value. Alignment Healthcare's ratio is about 11.6%.
How much dividend purification is required for Alignment Healthcare (ALHC) stock?▾
Alignment Healthcare does not pass the screen, so purification does not apply: the standard does not permit holding it.
Does Alignment Healthcare operate in prohibited business activities?▾
AAOIFI Shari’ah Standard 21 excludes companies whose main business is prohibited, such as alcohol, pork, gambling, conventional interest-based finance and adult entertainment. Alignment Healthcare's main business is checked against these. For companies that file with the US SEC, revenue by division is also read from the filing, so a division in a prohibited business is counted. Where the check cannot be settled, the result is shown as Needs Review rather than guessed.
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